2022
Flag  
GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP GROWTH
12.7%CURRENT US$
Rnk 142 / 186
2022
Flag
GDP PC 
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC
$15,356CURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP PC GROWTH
-0.33%CURRENT US$
Rnk 144 / 186

About

Germany-Chile Trade: In 2022, Germany exported $2.98B to Chile. The main products that Germany exported to Chile were Planes, Helicopters, and/or Spacecraft ($356M), Packaged Medicaments ($164M), and Cars ($148M). Over the past 5 years the exports of Germany to Chile have increased at an annualized rate of 3.02%, from $2.57B in 2017 to $2.98B in 2022.

In 2020, Germany exported services to Chile worth $129M, with Other business services ($77.7M), Computer and information services ($43.4M), and Insurance services ($3.43M) being the largest in terms of value.

Chile-Germany Trade: In 2022, Chile exported $1.05B to Germany. The main products that Chile exported to Germany were Copper Ore ($385M), Non-Iron and Steel Slag, Ash and Residues ($102M), and Other Nuts ($74.2M). Over the past 5 years the exports of Chile to Germany have decreased at an annualized rate of 0.49%,  from $1.1B in 2017 to $1.05B in 2022.

In 2009, Chile exported services to Germany worth $385M, with Transportation ($311M) and Travel ($74.8M) being the largest in terms of value.

Comparison: In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78), and 3 in total exports ($1.6T). That same year, Chile ranked 74 in the Economic Complexity Index (ECI -0.18), and 44 in total exports ($99B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $2.98B to Chile. The main products exported from Germany to Chile were Planes, Helicopters, and/or Spacecraft ($356M), Packaged Medicaments ($164M), and Cars ($148M). During the last 5 years the exports of Germany to Chile have increased at an annualized rate of 3.02%, from $2.57B in 2017 to $2.98B in 2022.

In 2017, Chile exported $1.05B to Germany. The main products exported from Chile to Germany were Copper Ore ($385M), Non-Iron and Steel Slag, Ash and Residues ($102M), and Other Nuts ($74.2M). During the last 5 years the exports of Chile to Germany have decreased at an annualized rate of 0.49%, from $1.1B in 2022 to $1.05B in 2017.

Exports from Germany (Flag) to Chile (Flag) (2022)

Exports from Chile (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top Destination
United States$153B
Chile
Top Destination
China$38.5B

This map shows whether countries import more from Germany or Chile. Each country is colored based on the difference in imports they receive from Germany and Chile or the difference in the growth in imports.

In 2022, countries that imported more from Germany than Chile included United States ($153B), France ($120B), and Netherlands ($109B).

In 2022, countries that imported more from Chile than Germany included Bolivia ($1.21B), Peru ($1.84B), and Paraguay ($509M).

Difference in imports from Chile (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Chile

Flow
Scale

This chart compares trade between Germany and Chile by product, considering products traded by both, Germany and Chile.

During 2022, Germany had a large net trade with Chile in the exports of Machines ($816M), Transportation ($769M), and Chemical Products ($480M).

During 2017, Chile had a large net trade with Germany in the exports of Mineral Products ($495M), Vegetable Products ($193M), and Metals ($94.6M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Germany Chile+$144MCars
Top Product Potential Chile Germany+$62.8MRefined Copper

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Chile. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Chile. Similarly, a dot/product with the flag of Chile indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Chile (Flag) (2022)

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